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Company Registration No. 12457508 (England and Wales)
AI OF DEVELOPMENT UK LTD Unaudited accounts for the year ended 28 February 2023
AI OF DEVELOPMENT UK LTD Unaudited accounts Contents
Page
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AI OF DEVELOPMENT UK LTD Company Information for the year ended 28 February 2023
Director
Simon Dexter Henry
Company Number
12457508 (England and Wales)
Registered Office
25 CORNWALL ROAD LONDON N4 4PH ENGLAND
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AI OF DEVELOPMENT UK LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
42,619 
42,619 
Current assets
Inventories
- 
11,754 
Debtors
10,000 
15,490 
Cash at bank and in hand
404 
1,289 
10,404 
28,533 
Creditors: amounts falling due within one year
(10,000)
(6,663)
Net current assets
404 
21,870 
Total assets less current liabilities
43,023 
64,489 
Creditors: amounts falling due after more than one year
- 
(7,902)
Net assets
43,023 
56,587 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
43,022 
56,586 
Shareholders' funds
43,023 
56,587 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 February 2024 and were signed on its behalf by
Simon Dexter Henry Director Company Registration No. 12457508
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AI OF DEVELOPMENT UK LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
AI OF DEVELOPMENT UK LTD is a private company, limited by shares, registered in England and Wales, registration number 12457508. The registered office is 25 CORNWALL ROAD, LONDON, N4 4PH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
32,814 
17,482 
2,381 
52,677 
At 28 February 2023
32,814 
17,482 
2,381 
52,677 
Depreciation
At 1 March 2022
6,562 
3,496 
- 
10,058 
At 28 February 2023
6,562 
3,496 
- 
10,058 
Net book value
At 28 February 2023
26,252 
13,986 
2,381 
42,619 
At 28 February 2022
26,252 
13,986 
2,381 
42,619 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
5,490 
Amounts falling due after more than one year
Trade debtors
- 
10,000 
Other debtors
10,000 
- 
10,000 
10,000 
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AI OF DEVELOPMENT UK LTD Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
- 
Trade creditors
- 
4,890 
Taxes and social security
- 
1,406 
Accruals
- 
367 
10,000 
6,663 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
- 
7,902 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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